EURO
The EUR/USD pair's surge to the upside may continue on the intraday, short term and even weekly basis yet on the intraday basis we see the pair being overbought which may result in a downside correction yet as far as 1.3440 – 1.3375 remains intact, the upside direction remains. A four hour closing above 1.3670 will take the pair towards 1.3820.
The trading range for the week is among the key support at 1.3280 and the key resistance at 1.3920
Support 1.3575 1.3515 1.3440 1.3375 1.3280
Resistance 1.3670 1.3720 1.3770 1.3820 1.3890
Recommendation According to our analysis, we believe the pair is to gather bullish momentum from the area 1.3575 - 1.3515 with targets at 1.3820 and 1.3920 yet if trading reverses below 1.3375, our upside movements become invalid
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